Kuaishou Technology disclosed a marginal change in its capital structure for the trading week ended 28 May 2026, combining minor option-related share issuance with a sizable on-market buyback of its weighted-voting-right (WVR) Class B shares.

Share issuance • Between 18–27 May 2026, employees exercised Pre-IPO options at HK$0.3273 per share, adding 101,779 new Class B shares to the register. • The newly issued shares represent roughly 0.0028% of the 3,668.67 million Class B shares outstanding before the transactions, lifting the Class B count to 3,668.78 million as of 28 May 2026. • Cash received from the option exercises amounted to about HK$0.03 million.

Share repurchase • On 28 May 2026, Kuaishou repurchased 2,222,000 Class B shares on the Hong Kong Stock Exchange at prices ranging from HK$44.54 to HK$45.82, for a volume-weighted average of HK$45.00. • Aggregate consideration reached HK$99.98 million, with all repurchased shares earmarked for cancellation. The buyback equates to 0.0512% of the company’s total issued share capital prior to the purchase.

Repurchase mandate utilisation • The company’s current general mandate (granted on 19 June 2025) permits the repurchase of up to 428.39 million shares. • Including the latest transaction, cumulative repurchases stand at 38.16 million shares, or 0.8908% of the issued share base on the mandate date, leaving 390.23 million shares available under the mandate.

Moratorium on new issues • In accordance with Hong Kong Listing Rule 10.06, Kuaishou is restricted from issuing new shares for 30 days following the buyback, ending on 27 June 2026.

Following these movements, Kuaishou’s issued Class B shares rose slightly due to option exercises, while the concurrent share repurchase reduced the company’s outstanding share count by a materially larger amount once the cancellation is completed. The transactions reflect continuing use of the employee incentive scheme and active deployment of the shareholder-approved buyback mandate.